XML 79 R27.htm IDEA: XBRL DOCUMENT
v2.4.1.9

Intangible Assets (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract] |
Summary of Intangible Assets and Liabilities | As of March 31, 2015 and December 31, 2014, the Company’s intangible assets/liabilities were comprised of the following (in thousands):
| March 31, 2015
| Total Cost |  | Accumulated Amortization |  | Intangible assets/liabilities, net
Intangible assets, net: |  |  |  |  |
In-place lease value | $ | 126,573 |  |  | $ | (43,942 | ) |  | $ | 82,631 |
Tenant relationship value | 31,390 |  |  | (24,777 | ) |  | 6,613 |
Above market leases acquired | 5,641 |  |  | (1,616 | ) |  | 4,025 |
Total intangible assets, net | $ | 163,604 |  |  | $ | (70,335 | ) |  | $ | 93,269 |
Acquired lease intangibles, net: |  |  |  |  |
Below market leases acquired | $ | 52,414 |  |  | $ | (27,901 | ) |  | $ | 24,513 |
| December 31, 2014
| Total Cost |  | Accumulated Amortization |  | Intangible assets/liabilities, net
Intangible assets, net: |  |  |  |  |
In-place lease value | $ | 129,411 |  |  | $ | (42,068 | ) |  | $ | 87,343 |
Tenant relationship value | 34,172 |  |  | (26,344 | ) |  | 7,828 |
Above market leases acquired | 5,641 |  |  | (1,409 | ) |  | 4,232 |
Total intangible assets, net | $ | 169,224 |  |  | $ | (69,821 | ) |  | $ | 99,403 |
Acquired lease intangibles, net: |  |  |  |  |
Below market leases acquired | $ | 53,049 |  |  | $ | (27,039 | ) |  | $ | 26,010 |
Summary of Amortization for Intangible Assets and Liabilities | As of March 31, 2015, the Company’s annual amortization for its intangible assets/liabilities were as follows (in thousands, and assuming no prospective early lease terminations):
| Assets |  | Liabilities
2015 (nine months remaining) | $ | 15,681 |  |  | $ | 3,822 |
2016 | 16,800 |  |  | 3,230 |
2017 | 15,030 |  |  | 2,641 |
2018 | 11,303 |  |  | 2,217 |
2019 | 9,990 |  |  | 1,885 |
Thereafter | 24,465 |  |  | 10,718 |
Total | $ | 93,269 |  |  | $ | 24,513 |

X
- Definition Tabular disclosure of amortization expense of assets, excluding financial assets, that lack physical substance, having a limited useful life. + References No definition available. + Details
Name: | us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16265-109275 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16323-109275 + Details
Name: | us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration